To begin with, the Long Term Capital Gains Tax on property sales has been reduced from 20% to 12.5% and the Short Term Capital Gains tax on certain assets will increase from 15% to 20%.
While the rationalisation is welcome, the budget fine print reveals that indexation benefit on real estate has been removed, which could lead to a higher tax outgo. It may be noted that the indexation benefit also applies to gold and other unlisted asset classes. No indexation at all has huge implications. Those who have held a property for 15 years and seen the prices double would otherwise have not paid any capital gains tax due to indexation. Now, they will pay 12.5%, pointed out a user on X.
この記事は The Free Press Journal の July 24, 2024 版に掲載されています。
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この記事は The Free Press Journal の July 24, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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